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BLOCKCHAIN DEVELOPERS MALAYSIA
http://neuroware.io
Meetup #1 - Blockchain Basics - September, 2017
sponsored by
BLOCKCHAIN DEVELOPER PRESENTATIONS
MARK SMALLEY - BLOCKCHAINS FOR DEVELOPERS - PART 01
TM LEE ( COINGECKO.com ) - INTRODUCING LIGHTNING NETWORKS
TC WU ( HELLOGOLD.com ) - HELLO GOLD’S SMART CONTRACTS ON ETHEREUM
INTRODUCING THE BIG BLOCK BITCOIN MINIMALIST
Mark Smalley - CEO ( Neuroware.io )
Living in Malaysia for the past 20 Years
Building FinTech Applications for 15 Years
Spent 10 Years Helping Tech Communities
Building Blockchain Apps for 5 Years
NEUROWARE - FIRST MSC STATUS BLOCKCHAIN COMPANY
GLOBAL
FUNDING
Only Malaysian company to graduate
from 500 Startups Accelerator in Silicon
Valley, with funding from Coinsilium too
FINTECH
FOCUS
With DBS, Maybank and Securities
Commission of Malaysia as clients, we
have a broad understanding of fintech
FULL-STACK
SERVICES
We provide corporate blockchain
training and workshops along with
consulting on solutions utilizing Cortex
CORTEX
aws for blockchains
CONSULTINGTRAINING
CORTEX IS OUR UNIFIED INTERFACE FOR MULTIPLE CHAINS
DN-KEY CRYPT
Private Key Management
Multi Signature Signing
Public Key Broadcasting
Key Abstraction / Revocation
BABELBLOCKAUTH EVERSTORE
KEEP
Enterprise Wallets
PASSPORT
Keys & Identity
INTEGRITY
Data & Notarisation
GUILD
POS & Tokens
API
APPS
ENOUGH ABOUT ME
WTF ARE BLOCKCHAINS …?
BLOCKCHAINS FOR DEVELOPERS
PART 01 - WHY DO WE HAVE BLOCKCHAINS …?
INTRODUCING THE ISLANDS OF YAP
YAP INTRODUCED THE WORLD’S FIRST PUBLIC LEDGERS
GROUP CONSENSUS WAS USED FOR TRANSACTIONS
● Size wasn’t everything
● The history of each stone
determined its individual value
● Conducting transactions quite
literally involved a song & dance
● This required the majority of people
from the village to be present
BLOCKCHAINS PROVIDE AN UPDATED TAKE ON YAP IDEALS
TRADING STONES FOR DOLLARS BASED ON GOLD
LET’S NOT FORGET THAT WHAT WAS ONCE PHYSICAL
IS NOW DIGITAL
PHYSICAL DIGITAL
WITHOUT PROPER REGULATION IT WILL CONTINUE FAILING
World War 2
US$3 Trillion
All other USA
wars combined
2008 Financial Bailout
US$8.5 Trillion
this inspired several
movements - including
the creation of bitcoin
VsBITCOIN
( the first application / popular digital asset )
BLOCKCHAINS
( underlying tech / shared public ledger )
VsETHEREUM
( open network for building anything )
PRIVATE NETWORKS
( very similar to traditional database )
VsPUBLIC BLOCKCHAINS
( enables permissionless innovation )
PERMISSIONED LEDGERS
( puts new central controllers into authority )
US$144 BILLION REASONS TO CHOOSE THE RIGHT CHAIN
11 BLOCKCHAINS NOW HAVE OVER US$1 BILLION MARKET CAPITALIZATIONS
THE ONLY CHAINS WE SUPPORT USE PROOF OF WORK
Data from CoinGecko on June 6th Bitcoin Litecoin Dogecoin Dash Ethereum ETC
Coin Limit 21 Million 84 Million UNLIMITED 22 Million Unknown 200+ Million
Current Supply 16 Million 51 Million 100 Billion 7 Million 91 Million 91 Million
Mining Algorithm SHA-256 Scrypt Scrypt X11 Ethash Ethash
Hash-Rate 644 PH/s 7.2 TH/s 6 TH/s 3.6 TH/s 30 TH/s Unknown
Average Block Time 10 Minutes 2.5 Minutes 1 Minute 2.5 Minutes 10 Seconds 10 Seconds
Launched 03 / JAN / 09 07 / OCT / 11 08 / DEC / 13 19 / JAN / 14 30 / JUL / 15 25 / OCT / 16
US$ Price per Coin US$2,800+ US$30 US$0.0038 US$149 US$260 US$17
Current Market Cap US$47+ B US$1.5+ B US$420+ M US$1+ B US$24+ B US$1.6+ B
Size of Raw Blockchain 135 GB 8 GB 21 GB 3 GB 180 GB 120 GB
Hardware Cost of 51% Attack US$1.6+ B US$240+ M US$200+ M US$450+ M Unknown Unknown
ALWAYS TRY TO REMAIN CAUTIOUS - JUST 60 DAYS AGO
Everything Else
(US$7+ Billion)
Ethereum X 2, Ripple,
NEM, Litecoin & Dash
(US$38+ Billion)
Bitcoin
(US$38+ Billion)
REALLY CAUTIOUS - 90 DAYS AGO
EVERYTHING
ELSE
BITCOIN
THIS IS WHY THIS GROUP IS NOT ABOUT THE CURRENCY
BUT RATHER THE UNDERLYING TECHNOLOGY
WHICH HAS CERTAINLY EVOLVED SINCE 2012
IT’S ALSO WHAT MAKES PROOF OF WORK SO SPECIAL
MORE ENERGY USED THAN THE COUNTRY OF ICELAND
SOLVING PUZZLES TO EARN THE RIGHT TO VALIDATE TXs
TRANSACTIONS ARE BATCHED INTO BLOCKS
● Transactions are batched into blocks every ten minutes (with Bitcoin)
● The block is added to the chain with a link to the previous block
● With the block added to the chain, its transactions are then confirmed
OCCASIONALLY - DIFFERENT BLOCKS ADDED AT SAME TIME
WHICH IS WHY WE HAVE CONFIRMATIONS
A NETWORK OF NODES WHERE THE LONGEST CHAIN RULES
THIS CAN LEAD TO A REORGANIZATION OF THE CHAIN
USE CASES
WHAT CAN WE DO WITH THIS TECHNOLOGY …?
SOME OF THE PROJECTS WE HAVE BEEN EXPLORING
BANKING
From AML & KYC cost reductions to
reward schemes & reaching the
unbanked or general key-signing
LEGAL
Cryptographically secure document
notarization, copyright protection,
and dispute settlement
GAMING
Share digital assets between an
entire network of games, or use the
blockchains to create immutable
persistent open-worlds
HEALTHCARE
Complete and immutable family
histories of every related diagnosis
and condition available from 1 key
GOVERNANCE
Increase the accountability of public
officials and offer total
transparency in voting & elections
ASSETS
Track possession of your property
in the digital economy by creating,
managing, storing, or sharing
multiple asset classes
ACCOUNTING
Creation of programmable processes
& automated auditing trails increase
transparency & efficiency
LOGISTICS
Tracking of shipping cycles and
provenance systems that
autonomously verify actions
INSURANCE
Integrated insurance and medical
services can be intelligently designed
to quickly and contractually settle
claims with cryptographically
AT THE HEART OF IT ALL IS DISTRIBUTED DATA
CENTRALIZATION
DATABASE
DECENTRALIZATION
THE CLOUD
DISTRIBUTION
BLOCKCHAINS
RANGING FROM PUBLIC STORAGE TO PRIVATE VALIDATION
● Blockchains can provide a tamper proof audit trail for structured data
○ Useful for public data (births, deaths, marriages and education)
○ Ideal for sharing data (identity, loyalty, supply chains and healthcare)
● Alternatively, blockchains can also be used to timestamp data hashes
○ Useful for large data sets (such as data lake authenticity checks)
○ Ideal for compliance (independently verify data timelines)
● Simple applications that require limited data can run autonomously without
the need to pay for and (or) service ongoing hosting or server requirements
○ Useful for operating censor resistant applications
LET ME SHOW YOU A SERVER-LESS DEMO
( HTML5 BLOCKCHAIN-BASED LOGIN SYSTEM )
NOTICE IT DOES NOT ASK FOR A CRYPTOGRAPHIC KEY …?
THE DATA IS 100% BLOCKCHAIN-BASED (BITCOIN, DOGECOIN and DASH)
available for as long as the network lives at no extra cost, no matter what happens to me
THIS PUBLIC DATA CAN ALSO BE ENCRYPTED PRIVATELY
TO BE CONTINUED IN PART 2
THIS SERIES WILL EXPLORE HOW WE BUILT THIS
INTRODUCING BLOQ.PRESS
the blockchain-based CMS we will build here - exclusively available to blockchain developers of malaysia
email the team anytime - founders@neuroware.io

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BDM Meetup #1 - Blockchains for Developers - Part 01

  • 1. BLOCKCHAIN DEVELOPERS MALAYSIA http://neuroware.io Meetup #1 - Blockchain Basics - September, 2017 sponsored by BLOCKCHAIN DEVELOPER PRESENTATIONS MARK SMALLEY - BLOCKCHAINS FOR DEVELOPERS - PART 01 TM LEE ( COINGECKO.com ) - INTRODUCING LIGHTNING NETWORKS TC WU ( HELLOGOLD.com ) - HELLO GOLD’S SMART CONTRACTS ON ETHEREUM
  • 2. INTRODUCING THE BIG BLOCK BITCOIN MINIMALIST Mark Smalley - CEO ( Neuroware.io ) Living in Malaysia for the past 20 Years Building FinTech Applications for 15 Years Spent 10 Years Helping Tech Communities Building Blockchain Apps for 5 Years
  • 3. NEUROWARE - FIRST MSC STATUS BLOCKCHAIN COMPANY GLOBAL FUNDING Only Malaysian company to graduate from 500 Startups Accelerator in Silicon Valley, with funding from Coinsilium too FINTECH FOCUS With DBS, Maybank and Securities Commission of Malaysia as clients, we have a broad understanding of fintech FULL-STACK SERVICES We provide corporate blockchain training and workshops along with consulting on solutions utilizing Cortex CORTEX aws for blockchains CONSULTINGTRAINING
  • 4. CORTEX IS OUR UNIFIED INTERFACE FOR MULTIPLE CHAINS DN-KEY CRYPT Private Key Management Multi Signature Signing Public Key Broadcasting Key Abstraction / Revocation BABELBLOCKAUTH EVERSTORE KEEP Enterprise Wallets PASSPORT Keys & Identity INTEGRITY Data & Notarisation GUILD POS & Tokens API APPS
  • 5. ENOUGH ABOUT ME WTF ARE BLOCKCHAINS …?
  • 6. BLOCKCHAINS FOR DEVELOPERS PART 01 - WHY DO WE HAVE BLOCKCHAINS …?
  • 8. YAP INTRODUCED THE WORLD’S FIRST PUBLIC LEDGERS
  • 9. GROUP CONSENSUS WAS USED FOR TRANSACTIONS ● Size wasn’t everything ● The history of each stone determined its individual value ● Conducting transactions quite literally involved a song & dance ● This required the majority of people from the village to be present
  • 10. BLOCKCHAINS PROVIDE AN UPDATED TAKE ON YAP IDEALS
  • 11. TRADING STONES FOR DOLLARS BASED ON GOLD
  • 12. LET’S NOT FORGET THAT WHAT WAS ONCE PHYSICAL
  • 14. WITHOUT PROPER REGULATION IT WILL CONTINUE FAILING World War 2 US$3 Trillion All other USA wars combined 2008 Financial Bailout US$8.5 Trillion this inspired several movements - including the creation of bitcoin
  • 15. VsBITCOIN ( the first application / popular digital asset ) BLOCKCHAINS ( underlying tech / shared public ledger )
  • 16. VsETHEREUM ( open network for building anything ) PRIVATE NETWORKS ( very similar to traditional database )
  • 17. VsPUBLIC BLOCKCHAINS ( enables permissionless innovation ) PERMISSIONED LEDGERS ( puts new central controllers into authority )
  • 18. US$144 BILLION REASONS TO CHOOSE THE RIGHT CHAIN 11 BLOCKCHAINS NOW HAVE OVER US$1 BILLION MARKET CAPITALIZATIONS
  • 19. THE ONLY CHAINS WE SUPPORT USE PROOF OF WORK Data from CoinGecko on June 6th Bitcoin Litecoin Dogecoin Dash Ethereum ETC Coin Limit 21 Million 84 Million UNLIMITED 22 Million Unknown 200+ Million Current Supply 16 Million 51 Million 100 Billion 7 Million 91 Million 91 Million Mining Algorithm SHA-256 Scrypt Scrypt X11 Ethash Ethash Hash-Rate 644 PH/s 7.2 TH/s 6 TH/s 3.6 TH/s 30 TH/s Unknown Average Block Time 10 Minutes 2.5 Minutes 1 Minute 2.5 Minutes 10 Seconds 10 Seconds Launched 03 / JAN / 09 07 / OCT / 11 08 / DEC / 13 19 / JAN / 14 30 / JUL / 15 25 / OCT / 16 US$ Price per Coin US$2,800+ US$30 US$0.0038 US$149 US$260 US$17 Current Market Cap US$47+ B US$1.5+ B US$420+ M US$1+ B US$24+ B US$1.6+ B Size of Raw Blockchain 135 GB 8 GB 21 GB 3 GB 180 GB 120 GB Hardware Cost of 51% Attack US$1.6+ B US$240+ M US$200+ M US$450+ M Unknown Unknown
  • 20. ALWAYS TRY TO REMAIN CAUTIOUS - JUST 60 DAYS AGO Everything Else (US$7+ Billion) Ethereum X 2, Ripple, NEM, Litecoin & Dash (US$38+ Billion) Bitcoin (US$38+ Billion)
  • 21. REALLY CAUTIOUS - 90 DAYS AGO EVERYTHING ELSE BITCOIN
  • 22. THIS IS WHY THIS GROUP IS NOT ABOUT THE CURRENCY
  • 23. BUT RATHER THE UNDERLYING TECHNOLOGY
  • 24. WHICH HAS CERTAINLY EVOLVED SINCE 2012
  • 25. IT’S ALSO WHAT MAKES PROOF OF WORK SO SPECIAL
  • 26. MORE ENERGY USED THAN THE COUNTRY OF ICELAND
  • 27. SOLVING PUZZLES TO EARN THE RIGHT TO VALIDATE TXs
  • 28. TRANSACTIONS ARE BATCHED INTO BLOCKS ● Transactions are batched into blocks every ten minutes (with Bitcoin) ● The block is added to the chain with a link to the previous block ● With the block added to the chain, its transactions are then confirmed
  • 29. OCCASIONALLY - DIFFERENT BLOCKS ADDED AT SAME TIME
  • 30. WHICH IS WHY WE HAVE CONFIRMATIONS
  • 31. A NETWORK OF NODES WHERE THE LONGEST CHAIN RULES
  • 32. THIS CAN LEAD TO A REORGANIZATION OF THE CHAIN
  • 33. USE CASES WHAT CAN WE DO WITH THIS TECHNOLOGY …?
  • 34. SOME OF THE PROJECTS WE HAVE BEEN EXPLORING BANKING From AML & KYC cost reductions to reward schemes & reaching the unbanked or general key-signing LEGAL Cryptographically secure document notarization, copyright protection, and dispute settlement GAMING Share digital assets between an entire network of games, or use the blockchains to create immutable persistent open-worlds HEALTHCARE Complete and immutable family histories of every related diagnosis and condition available from 1 key GOVERNANCE Increase the accountability of public officials and offer total transparency in voting & elections ASSETS Track possession of your property in the digital economy by creating, managing, storing, or sharing multiple asset classes ACCOUNTING Creation of programmable processes & automated auditing trails increase transparency & efficiency LOGISTICS Tracking of shipping cycles and provenance systems that autonomously verify actions INSURANCE Integrated insurance and medical services can be intelligently designed to quickly and contractually settle claims with cryptographically
  • 35. AT THE HEART OF IT ALL IS DISTRIBUTED DATA CENTRALIZATION DATABASE DECENTRALIZATION THE CLOUD DISTRIBUTION BLOCKCHAINS
  • 36. RANGING FROM PUBLIC STORAGE TO PRIVATE VALIDATION ● Blockchains can provide a tamper proof audit trail for structured data ○ Useful for public data (births, deaths, marriages and education) ○ Ideal for sharing data (identity, loyalty, supply chains and healthcare) ● Alternatively, blockchains can also be used to timestamp data hashes ○ Useful for large data sets (such as data lake authenticity checks) ○ Ideal for compliance (independently verify data timelines) ● Simple applications that require limited data can run autonomously without the need to pay for and (or) service ongoing hosting or server requirements ○ Useful for operating censor resistant applications
  • 37. LET ME SHOW YOU A SERVER-LESS DEMO ( HTML5 BLOCKCHAIN-BASED LOGIN SYSTEM )
  • 38. NOTICE IT DOES NOT ASK FOR A CRYPTOGRAPHIC KEY …?
  • 39. THE DATA IS 100% BLOCKCHAIN-BASED (BITCOIN, DOGECOIN and DASH) available for as long as the network lives at no extra cost, no matter what happens to me
  • 40. THIS PUBLIC DATA CAN ALSO BE ENCRYPTED PRIVATELY
  • 41. TO BE CONTINUED IN PART 2 THIS SERIES WILL EXPLORE HOW WE BUILT THIS
  • 42. INTRODUCING BLOQ.PRESS the blockchain-based CMS we will build here - exclusively available to blockchain developers of malaysia
  • 43. email the team anytime - founders@neuroware.io